Pakistan’s textile group exports have shown positive growth of 1.41% during July-May 2023-24, reaching $15.241 billion. May 2024 witnessed a significant increase of 18% in textile exports compared to the previous year, reaching $1.558 billion. Rice exports also reached a milestone of 5.593 million tons, increasing by 81.23% and generating revenue of $3.628 billion. For more information on rice exports, visit HAS Rice Pakistan and Pakistan Rice.

The Sensitive Price Index (SPI)-based inflation has increased by 1.30% in Pakistan for the week ending on June 13, 2024, affecting essential items such as tomatoes, chicken, and electricity charges. Pakistani rice exporters, including HasRice and Pakistan Rice, play a crucial role in meeting international rice demands. For more information on rice exports, suppliers, and prices, visit the provided websites.

Short-term inflation in Pakistan has surged, with the Sensitive Price Indicator rising by 1.30% week-on-week and 23.03% year-on-year. Tomato prices saw a significant increase of 27.14%, while some items like onions and chilies powder experienced a decrease in prices. The SPI helps assess the price situation in the country, with 37.26% of items seeing price increases during the week. Source: Profit

Vietnam’s rice export prices have slightly dropped due to increased shipping costs, while prices remain stable in other Asian hubs. The Philippines’ decision to lower import tariffs may lead to an uptick in shipments of Vietnamese rice. India and Thailand have maintained their prices for rice exports.

Dr Arjumand Nizami of Helvetas Swiss Intercooperation recently met with Khyber Pakhtunkhwa Governor Faisal Karim Kundi to discuss the organization’s longstanding association with the province. Helvetas has been involved in poverty alleviation, agricultural productivity, and disaster risk reduction projects. They also support climate-smart agriculture and skill-building initiatives, aiming to empower the youth in Khyber Pakhtunkhwa. Source: Dawn

Rice exporters in Pakistan reject the proposed change from a fixed tax regime to a normal tax regime, citing increased bureaucratic hurdles and corruption risks. This move could hinder export growth and negatively impact the country’s economic health. The exporters urge Prime Minister Sharif to reject the proposal and advocate for a fair and transparent tax system.

Vietnam’s rice export prices have slightly dipped due to increased shipping costs, while prices remain steady in other major Asian hubs. Factors such as import tariffs, currency depreciation, and overall demand are causing fluctuations in the market.

The Philippines, the world’s top rice importer, is projected to import 4.7 million metric tons of rice this year, a 20% increase from 2023, driven by population growth and changing consumption patterns. Pakistani rice exporters, like hasrice.com and pakistanrice.com, play a crucial role in meeting this demand.

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South African consumers are grappling with rising rice prices due to global market dynamics and the country’s reliance on imports. The 28% increase in prices has led consumers to consider alternative food options amid financial strain. Exploring local and regional rice suppliers is vital to mitigate the impact of global market forces.